Commodity Daily Newsletter For 18th November 2011

GOLD DOWN 1 PCT ON EURO ZONE DEBT FEARS.
OIL FELL FROM A FIVE-MONTH HIGH ON SIGNS EUROPE CRISIS SPREADING.
LONDON COPPER DOWN ON EURO ZONE C.BANK SPAT.
INDIAN SPICES COMPLEX TRADE BEARISH.
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MCX Silver Technical levels For Today

Silver Prices are trading in a consolidation phase with slight positive bias towards 29150/29180, but we are not expecting major rallies until it cross above the 29280 level and such initiative lift prices towards 29340/29400 or even higher. Conversely unexpected fall below 28800-780 region may drag down the prices firstly to 28680/28460.
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Bullion Trading Strategy and Tips For Today | Commodity Live News

On MCX gold prices have down under Rs 29,000 . In the spot market Gold is trading under pressure. On COMEX gold is around $ 1760.  on MCX Silver has come down at Rs 57,000 with 0.5
 percent fall .
About 0.5 percent surge on MCX Crude oil is trading above Rs 5,180. In terms of base metals is dominated by a declining trend. on MCX Copper is trading at Rs 386.50 with weakness Nearly 1.5 percent. Around 1 per cent decline in aluminum and it is Rs. 107.Lead has declined by more than 1.5 percent . Nickel is the weakness of the 1 percent. Zinc was down 1 per cent.
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MCX Bullion Trading Strategy and Tips For Today ...

I expect Silver has perfect upper trend and also on technical research i am seeming some bearish possibility remains. In Oct Silver traded in bearish trend. But for long-term this is better time for Buying.The bullish case for Silver remains in the macro-economic fundamentals. With Italian bonds hitting 7%, bond markets are clearly indicating that the Euro is out of favor with investors. And as such, silver in a safe haven perspective looks attractive. With such an outlook, the current pennat pattern can be seen as bullish in context of the uptrend since October.
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MCX Commodity Newsletter For 17 Nov 2011

GOLD DOWN 1 PCT ON EURO ZONE DEBT FEARS.
CRUDE SLIPS AS EUROPE DEBT WORRIES EYED.
COPPER DOWN; EURO ZONE WORRIES, EQUITIES WEIGH.
DOMESTIC OIL AND OILSEED TRADE UP.
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MCX Bullion Trading Tips and Market Analysis Report For Today

Today Decline in gold. On MCX gold is trading down 0.25 percent While on MCX gold prices are still up to Rs 29,000 and silver is increasingly being viewed. Silver has bullish trend in the international market. on COMEX Silver is at 34.50 dollars per ounce with 0.2 per cent level is reached. Silver on MCX looking and expressions in the small edge is around Rs 58,000.
on MCX Copper is trading at Rs 390.50 up With 0.75 percent .on MCX crude oil is seen Mild surge and price remains above Rs 5,000.
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Gold and Silver Weekly Technical Report and Strategy 14th To 18th Nov. 2011

GOLD WEEKLY STRATEGY
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1780 $ an ounce, then  above1805 $ it can test the level of 1820$/1835$/1855$ $ an ounce. And in MCX Gold above 29080 it can test the level  of 29280/29480/29680. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1700$ and 1600$.
Major resistance for COMEX Gold in the coming week is 1840$ and 1900$
Major support in MCX Gold is 28000and 27100

SILVER WEEKLY STRATEGY
Technically COMEX Silver is consolidating on charts. For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3530$ an ounce, then above 3560$ COMEX Silver can test the level of 3660/3720$ an ounce. And in MCX Silver sustains above 58300 then it can test the level of 59200/60500, Trade by keeping the
proper stop losses.

MCX Commodity Newsletter For Monday 14th Nov. 2011

GOLD RISES 1.5 PCT ON EUROPE HOPES, TRACKS S&P.
OIL EXTENDS RALLY TO NEAR $100 ON OPTIMISTIC CONSUMER SENTIMENT.
COPPER UP; ITALY, GREECE ON TRACK TO FORM UNITY GOVT.
DOMESTIC OIL AND OILSEED TRADE STEADY.
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